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Obama promises jobs for America and no tax sops for companies that outsource work out of the country – Indian oligarchs and their political agents do not like that
George Bush is like by the ignorance of the ‘quick rich’ schemes of Indian oligarchs. He allowed export of American jobs to India. Bush’s oligarch friends, the rich owners of American corporations made handsome profits by hiring cheap educated work force in India and firing qualified, efficient and hard working American workers in America. Obama promises to change that. The Bush oligarchy is coming to an end unless McCain oligarchy takes it over!
Interestingly the self centered money mongering Indians especially the oligarchs and their political agents and employees cannot take it.
According to media reports from India, So when India woke up on Friday and caught on to the Democratic Presidential candidate's power speech, there were nervous exchanges of what Obama's anti-sourcing pitch could have meant or not meant.
Infosys quarters started ringing with the reaction on how in a globalised world outsourcing is realty. HR Director of Infosys, Mohandas Pai said his company would wait and watch.
According to the nation's premier IT lobbying association NASSCOM, "Obama probably meant manufacturing and not software. US companies themselves will back outsourcing. NASSCOM President Som Mittal said US companies would find the right balance, but having worked with us in the past, most companies increase their competitiveness when they work with India.
Earlier on August 26, Hillary Clinton's Speech at the Democratic National Convention had similar overtones. "We need to elect Barack Obama because we need a President who understands that America can''t compete in a global economy by padding the pockets of energy speculators, while ignoring the workers whose jobs have been shipped overseas."
OUTSOURCING ARTICLES
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